Banking Awareness Quiz Set 25

Aspirants can check out the Questions and answers of Banking Awareness with a detailed explanation which are given below. By practicing these questions they can help for any competitive examinations and these are used for the session of practice only.

Banking Awareness Quiz Set 25

1. In Banking terminology, NPA means

A.Non-Promise Account

B.Non-Personal Account

C.Non-Performing Asset

D.Net-performing Asset

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2. Which of the following schemes has been launched for the school-going children?

A.Lok Jumbish

B.Mid-Day Meal

C.AYUSH

D.SarvaShikshaAbhiyan

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3. ‘Sugam’ is a scheme launched for Sugam’ is a scheme launched for Sugam’ is a scheme launched for

A.Small taxpayers

B.Pensioners getting old age pension

C.Big corporate houses

D.Getting all sorts of permission

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4. What is the full form of ‘ULIP’, the term which was in the news recently?

A.Universal Life & Investment Plan

B.Unit Loan & Investment Plan

C.Unit Linked Insurance Plan

D.Uniformly Loaded Investment Plan

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5. Which of the following is NOT a banking related term?

A.Radiation

B.Outstanding Amount

C.Explicit Guarantee

D.Benchmark Prime Lending Rate

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6. Insurance service provided by various banks is commonly known as ______

A.Investment banking

B.Portfolio management

C.Merchant banking

D.Bancassurance

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7. Which of the following schemes has been launched for providing health services in rural areas?

A.Operation Flood

B.Look East

C.SJSRY

D.ASHA

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8. Which from the following is NOT true when the interest rate in the economy goes up?

A.Saving increases

B.Lending decreases

C.Cost of production increases

D.Return on capital increases

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9. Rate of interest is determined by:

A.The rate of return on the capital invested

B.Central Government

C.Liquidity preferences

D.Commercial Banks

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10. Which one of the following rates is not decided by RBI__________

A. Bank rate

B. Base rate

C. Repo rate

D. Prime Lending rate

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11. regional rural banks were established in india on the recommendation of which committees_________

A. Recommendations of Narsimham Committee

B. Recommendations of Shivraman committee

C. Recommendations of RG Saraiya Committee

D. Recommendations of RN Mirdha committee

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12. Regulatory Authority for Regional Rural Bank is of___________

A. RBI and NABARD

B. NABARD

C. RBI

D. Central bank

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13. Mutual Funds are regulated by________

A. Reserve Bank of India

B. Securities and Exchange Board of India

C. Small industrial development bank of India

D. State Bank of indi

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14. Maximum age for retirement for MD/CEO of all private banks is__________

A. 70

B. 65

C. 60

D. 68

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15. Which of the following banks is not nationalized in 1969___________

A. Central Bank of India

B. Dena Bank

C. Canara Bank

D. Oriental Bank of Commerce

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16. Which term is not associated with banking operations___________

A. Repo rate

B. Prime Lending Rate

C. Equator

D. None of these

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17. Where is the headquarter of Federal Bank___________

A. Pune

B. Kochi

C. Hyderabad

D. Mumbai

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18. Reserve Bank of India (RBI) was established on the recommendations of__________

A. U.K.Patel Committee

B. Hilton Young Commission

C. S.Chetty Commission

D. None of these

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19. Who is the first Indian Governor of RBI__________

A. Osborne Smith

B. C.D.Deshmukh

C. James Braid Taylor

D. Bimal Jalan

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20. LIBOR stands for London Interbank Offer Rate. What does MIBOR stands for________

A. Mumbai Interbank Offer Rate

B. Manchester Interbank Offer Rate

C. Mexico Interbank Offer Rate

D. None of these

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21. Advantages of The GST_________

A. Simple uniform tax structure

B. It can increase tax revenue for government

C. It can boost export

D. All of the above

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22. In General Budget 2015-16, government has reduced the Corporate Tax from 30 % to________

A. 20 %

B. 25 %

C. 15 %

D. 10 %

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23. What is inflation________

A. increase in value of currency

B. decrease in value of currency

C. increase in value of commodities

D. decrease in value of commodities

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24. All are Direct Tax except_________

A. Income tax

B. corporation tax

C. property tax

D. sales tax

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25. What is the full form of NABARD________

A. National Bank for Agriculture and Rural Development

B. National Bank for Agriculture and Rural Department

C. National Agricultural Bank and Rural Development

D. National Agricultural Bank and Rural Department

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26. To block the endorsement of cheque, which type of crossing will be used________